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Autonomous Train Components Market Share

Report ID: GMI8430
Published Date: Mar 2024
Report Format: PDF

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Autonomous Train Components Market Share

Alstom SA and CRRC Corporation Limited hold a significant market share of over 15% in the market. Alstom consistently emphasizes research and development to innovate in the autonomous train components industry. The company invests in developing advanced signaling systems, train control management systems (TCMS), and onboard computer systems that are integral to autonomous train operations.

CRRC Corporation Limited leverages its manufacturing capabilities and scale to adopt a competitive pricing strategy to win contracts in international markets. Pricing is a critical factor for many rail operators looking to upgrade to autonomous systems.

Autonomous Train Components Market Companies

Major players operating in the autonomous train components industry are:

Alstom SA
CRRC Corporation Limited
Hitachi Ltd.
Mitsubishi Electric
Qualcomm Technologies, Inc.
Rockwell Automation Inc.
Schneider Electric
Siemens AG
Thales Group
Wabtec Corporation

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of autonomous train components was reached USD 5.3 billion in 2023 and is expected to register over 15% CAGR from 2024 to 2032, owing to the exponential rise in urbanization and population density necessitating efficient, safe & sustainable transportation solutions worldwide.

Autonomous train components industry from the metro train segment recorded 35% share in 2023 and is expected to register an appreciable CAGR from 2024 to 2032, due to increasing adoption of autonomous train components to improve operational efficiency and passenger safety.

Asia Pacific autonomous train components industry held over 43% share in 2023 and is expected to register a commendable CAGR from 2024 to 2032, due to burgeoning urbanization and the need for efficient transportation solutions in the region.

Alstom SA, CRRC Corporation Limited, Hitachi Ltd., Mitsubishi Electric, Qualcomm Technologies, Inc., Rockwell Automation Inc., Schneider Electric, Siemens AG, Thales Group, and Wabtec Corporation, are some of the major autonomous train components companies worldwide.